Uzbekistan, China aim to double bilateral trade to $20bn

By Muzaffar Ismailov in Tashkent October 19, 2023

Uzbekistan and China have agreed in principle to expand the volume of bilateral trade to $20bn in the next five years.

President Shavkat Mirziyoyev and Chinese leader Xi Jinping agreed on the need to boost trade during a meeting in Beijing on October 17. Bilateral trade for 2023 is expected to be about $10bn.

Also during the Uzbek president’s visit, China Energy Engineering Corporation announced plans to build a hybrid power plant in Uzbekistan’s Navoi region.

Mirziyoyev also met on October 18 with Xin Baoan, the head of the Fortune Global 500–listed State Grid power company. They discussed State Grid’s participation in modernising infrastructure facilities and the construction of a high-voltage transmission line in Uzbekistan.

In addition, Mirziyoyev discussed a number of promising joint projects with China CAMC Engineering chairman Bo Wang, including construction of hydraulic facilities, infrastructure projects, and the introduction of advanced agricultural technologies.

 

Related Articles

First EV rolls off assembly line at BYD Uzbekistan

Electric vehicle (EV) production at the BYD Uzbekistan Factory, a joint venture backed by largest EV manufacturer in the world BYD Auto of China, has been inaugurated by Uzbek President Shavkat ... more

China set to invest $1bn to establish animal processing enterprise in Andijan, Uzbekistan

China is set to invest $1bn to establish an animal processing enterprise in the far eastern region of Andijan in Uzbekistan, ... more

France’s CMA CGM Air Cargo to deliver China-to-Europe consignments via Uzbekistan

French cargo airline CMA CGM Air Cargo has announced plans to deliver cargo from China to Europe via Uzbekistan. The Paris-headquartered carrier intends to use the Central ... more

Dismiss